BMW may develop Lithium-ion batteries to launch itself in the private energy storage business.
BMW has expressed desire to develop lithium-ion batteries as a new business. If BMW is successful they would launch in the field of private energy storage.
BMW headquarters in Munich are planning to develop intelligent controlled power devices. The devices will be capable of making households independent of the public power supply.
The current battery at BMW has a capacity of 22 kilowatt-hours. The battery can be combined with a solar heating system. The combination will allow the battery use its own energy produced.
The system would be unique since the battery would not be feeding into the grid and will be entirely independent. BMW is planning to offer the devices to the consumers as soon as they make it work, according to BMWBlog. WirtschaftsWoche is the source which claims BMW is looking to delve into battery industry.
Previously Tesla CEO Elon Musk announced a same kind of plan. Tesla will offer a comparatively cheap battery for private households. The announcement triggered a real hype around the technology.
It may be possible BMW may be considering going into the new business as a reaction to the Tesla announcement. Meanwhile reports on Tesla claims the very first units are already poised to be delivered in 2016.
BMW will utilize the batteries used in its i3 line. Even used batteries can be used for the energy storage in a household. The batteries offer limited development and cost efforts.
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In 2013 a BMW executive did hint towards using used batteries as an energy source. BMW i SVP Ulrich Kranz, stated batteries can be used for sustainable re-use. Kranz also revealed BMW was contributing to a nation-wide use of renewable energy.